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1 Article
Source: The Guradian

Wednesday US briefing: Democrats hail surge in Latino midterms turnout

Thursday 10:49 GMT

Latino turnout increased by 174% at the 2018 midterms, according to Democrats, who have credited the party’s $30m investment in minority voter engagement with a surge in Hispanic congressional representation.

From January, there will be a record number of Hispanic lawmakers on Capitol Hill, with at least 34 Democrats and eight Republicans across both chambers. A top White House adviser, Mira Ricardel, is thought to be on her way out of the administration after clashing with the first lady, Melania Trump, who has taken the rare step of publicly calling for her dismissal.

1 Article
Source: Common Domain

GE’s stock surges to best day in months after Baker Hughes stake sale

Thursday 11:46 GMT

Shares of General Electric Co. shot higher Tuesday, as the struggling industrial giant’s planned sale of its stake in Baker Hughes gave investors reason to cheer after a bruising period.

Despite Tuesday’s surge, GE’s stock has plunged 55% over the past 12 months and Baker Hughes shares have shed 56%, while the S&P 500 index SPX, -0.15% has gained 5.3% and the Dow Jones Industrial Average DJIA, -0.40% has climbed 7.9%.

1 Article
Source: Common Domain

Wrongway bet on asset that has surged 20% this week has intensified oil’s rout, says prominent trader

Thursday 13:36 GMT

Prominent trader Mark Fisher has a theory on why crude-oil prices unraveled into a bear market in less than six weeks, capped by a 7% drop on Tuesday.

Considered one of the most well-known traders on Wall Street, Fisher told CNBC that while “everyone has been focused on” oil’s tumble, natural gas has taken flight on the back of a cold snap in the East Coast and that has upended a trade that had been profitable up until a few weeks ago.

2 Articles
Source: Common Domain

Orientation in Congress Is Meant for Winners. This Year, It’s Complicated

Thursday 20:56 GMT

“The seating arrangements at the orientation are as complicated as a Greek wedding,” said Brad Fitch, a former congressional aide who is now a consultant on Capitol Hill.

Democrat Ben McAdams, who holds a slight lead in his bid to unseat Utah Republican Rep. Mia Love, chose to attend this week’s House freshman orientation despite his rather unusual official name tag: “Candidate.” “People congratulate you and then you’re not sure if you should put an asterisk on that congratulations or let it go,” said Mr. McAdams.

1 Article
Source: Reuters

U.S. shale surge boosts industry finances, puts deals in spotlight

Thursday 20:56 GMT

(Reuters) - If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have to think again.

U.S. shale firms are more profitable than ever after a strong third quarter, according to a Reuters analysis of results for 32 independent producers. These companies are producing more efficiently, generating more cash flow and consolidating in a wave of mergers, the data show.

1 Article
Source: Reuters

PG&E shares surge 40 percent on report regulator wants to avoid...

Friday 09:55 GMT

PG&E Corp shares soared 40 percent in after-hours trade on Thursday after a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month’s deadly wildfire in northern California.

Investors are watching for clues about whether California’s government will step in to save PG&E should it eventually be found responsible for the Camp Fire, which destroyed the town of Paradise a week ago, and should any potential liability exceeds the utility’s resources.

1 Article
Source: Common Domain

Logistics Report: Surge at U.S. Seaports; Walmart’s Online Boost; Bungle Over Brexit

Saturday 11:46 GMT

Imports into gateways on the West and East coasts have been surging well beyond typical seasonal patterns, the WSJ Logistics Reports Erica E. Phillips writes, in an apparent push to get goods into domestic distribution channels before threatened new tariffs take effect in January.

The struggling retail chain has been liquidating merchandise as it seeks to focus on the most profitable goods, the WSJ Logistics Report’s Jennifer Smith writes, but the effort is taking a toll on margins as Penney cuts prices.

1 Article
Source: Common Domain

PG&E Shares Surge on Hopes of State Support

Sunday 00:33 GMT

Shares of PG&E Corp. PCG 37.54% rallied Friday on hopes that California officials would move to rescue the utility from potential wildfire liability costs that threaten to drive it into bankruptcy.

The share price had fallen for six consecutive days on concerns that PG&E, already facing billions of dollars in potential liability costs from 2017 wildfires, could face even higher costs related to this year’s Camp Fire in Northern California, which has killed more than 60 people, making it the deadliest wildfire in state history.

1 Article
Source: The Guradian

Rear view: the big business of bottoms

Monday 16:20 GMT

Nearly 320,000 buttock augmentation or buttock lift procedures were performed globally in 2015, according to the International Society of Aesthetic and Cosmetic Surgery, a 30% increase in the number of procedures since 2014.

If a woman isn’t built with a big bum, exercise might reshape it, but there’s no diet that can create it, hence the booming business in surgery and cosmetic procedures, as well as entry-level purchases, such as firming creams and “butt lift” leggings.

1 Article
Source: Common Domain

Imports Surge at U.S. Ports as Companies Brace for New Tariffs

Tuesday 13:36 GMT

Double-digit growth in volumes at California, East Coast ports signals companies are pulling forward orders amid U.S.-China trade tensions

LOS ANGELES—Imports into U.S. seaports are surging over usual seasonal patterns in an apparent push by retailers and manufacturers to pull orders forward ahead of a new round of tariffs set to hit U.S.-China trade in January. Ports in Southern California, Georgia and Virginia reported double-digit growth in import volume from September to October, setting monthly records as furniture, apparel, auto parts and other goods streamed in.


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